Tenn. College Students May See Tuition, Loan Costs Rise

Jun 20, 2013

MURFREESBORO, Tenn. (AP/WMOT) — The cost of attending college in Tennessee is likely to rise in the coming weeks as students prepare to register for fall classes.

The Tennessee Board of Regents will vote Friday on proposed tuition increases. Students attending TBR schools could face increases ranging from 1.4 to 6 percent this fall.

Students at University of Tennessee affiliated schools are also likely to see tuition rise.

In addition, students may see interest rates for some student loans rise dramatically July 1 if Congress doesn’t act.

Thursday morning, the U.S. Senate failed to pass either of two competing measures that would have kept subsidized Stafford loans from doubling to 6.8 percent.

Democrats want to postpone a decision and simply extend the current reduced rate. Republicans are looking for a more permanent solution that would tie student loan rates to financial markets.